EDF and TOTAL will decide on LNG terminal construction this year

01/07/2010 08:59 Natural Gas

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EDF and Total announced that the final decision about investment in the LNG plant in northern France will be taken by the end of this year.

The project consists of one LNG plant with a capacity able to cover 20% of France annual demand. The cost of the project is 1 billion Euros, with over 1,200 workers employed during the construction and 50 workers during operation. Both companies promised to finalize the project, with a total capacity of 10-13 billion cubic meters. Total’s share in the terminal is 2 billion cubic meters annually for the next 20 years, with 10% capital participation. The LNG plant is expected to start its production in 2014.

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